Insurance Services Office
Benefits Specialist
Insurance Services Office, Jersey City, New Jersey, United States, 07390
Company DescriptionWe help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.Job Description
Job Description
Come join Verisk's corporate Benefits team! This Benefits Specialist will play a key role in leading the day-to-day administration of employee benefit programs, with a focus onU.S. and Canada benefits, supporting our employees and vendor management. The role reports into our Jersey City, NJ office, offering a hybrid work environment with in-office work 2-3 days/week. This role involves evaluating the effectiveness of current benefits, ensuring compliance with applicable laws and regulations, and providing detailed analysis to support decision-making. The Benefits Specialist will work with benefits vendors and provide support to employees.Primary
Responsibilities:Subject matter expert for health & benefits, retirement, and wellbeing programs to respond to employee inquires.Provide day-to-day administration and resolve employee issues on the U.S. Health and Benefits plan; Canada Health and Benefits plan and retirement plans.Assist U.S. retirement 401(k) plan, executive top hat plan, employee stock purchase plan (US and Singapore), pension administration.Knowledge of legal requirements related to day-to-day management of employees, reducing legal risks, and ensuring regulatory compliance as it relates to the above plans.Partner with HRBPs and communicate with HR leaders to research employee escalations on employee benefits.Process benefits vendor invoices.Processing of death benefits. Includes death benefit counseling and knowledge of the life insurance process.Responsible for the day-to-day administration, analytics, and reporting.Ensure all plans meet Federal and State regulations and are utilized effectively by employees. Make recommendations where appropriate for plan enhancements and cost savings.Assist with compliance tasks including 5500 audit, Summary Annual Report (SAR) distribution, Retirement Drug Subsidy (RDS) coordination, partner with consultants on HIPAA training, SPD and wrap plan document updates. Ensures timely submissions of all benefit-related filings.Support all plan audits.Manage Service Now escalations-providing tier 2 & 3 level support.Manage plan vendors with ongoing meetings, communication, process improvements, SLAs.Ensure proper documentation and follow through are completed in a timely manner with good communication of results to both employees and managers.Manage processes for U.S. and Canada new joiners and Benefits orientation presentations.Assist with informing employees about their benefits packages.Assist with M&A and Divestitures as needed, providing benefits information and guidance to employees.Assist with Open Enrollment preparation, audits and reporting.Assist with Open Enrollment tasks, testing, communication review as needed. Support with open enrollment Benefits fairs.Assist with Wellbeing programs.Completes all special projects and other duties as assigned.Qualifications
Bachelor's degree required.A minimum of 4 to 5 years of experience in benefits (Health & Welfare, Leave Administration, 401(k) and/or Pension plans).Working knowledge of PeopleSoft, Oracle, Business Solver, ADP, various HRIS and Benefit provider systems is required.Proven ability to gain credibility at all levels quickly, excellent relationship management skills.Experience working effectively as part of a team, demonstrating initiative and proactively contributing ideas, views and recommendations for best practices and process improvement.Ability to work independently with a high-level of accuracy and strong attention to detail.Strong analytical, communication and decision-making skills.Knowledge of Employee benefits laws and regulationsStrong Microsoft Office (Excel, Word, PPT etc.), and HRIS skillsDemonstrates excellent analytical skills, and applies functional benefits knowledge to solve problems and identify opportunities for improvementLooks for process efficiencies and streamlines processes from beginning to end with little oversight.Communicates clearly and concisely, both orally and in writingAbility to manage and prioritize multiple projects, and stays focused on achieving goalsEstablishes and maintains cooperative working relationships with all levels of employees, internal and external stakeholders.
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For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland. We value learning, caring and results and make inclusivity and diversity a top priority. In addition to our Great Place to Work Certification, we've been recognized by The Wall Street Journal as one of the Best-Managed Companiesand by Forbesas a World's Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.We're 7,000 people strong. We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.Verisk BusinessesUnderwriting Solutions- provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precisionClaims Solutions- supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiencesProperty Estimating Solutions- offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficientExtreme Event Solutions- provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.Specialty Business Solutions- provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governanceMarketing Solutions- delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagementLife Insurance Solutions- offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.Verisk Maplecroft- provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become strongerVerisk Analytics is an equal opportunity employer.All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability . Verisk's minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.https://www.verisk.com/company/careers/Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.https://www.verisk.com/privacy-policies/data-privacy-notice-for-employees-applicants-and-independent-contractors/Videos To Watchhttps://youtu.be/YH30jlQ1yVo
Job Description
Come join Verisk's corporate Benefits team! This Benefits Specialist will play a key role in leading the day-to-day administration of employee benefit programs, with a focus onU.S. and Canada benefits, supporting our employees and vendor management. The role reports into our Jersey City, NJ office, offering a hybrid work environment with in-office work 2-3 days/week. This role involves evaluating the effectiveness of current benefits, ensuring compliance with applicable laws and regulations, and providing detailed analysis to support decision-making. The Benefits Specialist will work with benefits vendors and provide support to employees.Primary
Responsibilities:Subject matter expert for health & benefits, retirement, and wellbeing programs to respond to employee inquires.Provide day-to-day administration and resolve employee issues on the U.S. Health and Benefits plan; Canada Health and Benefits plan and retirement plans.Assist U.S. retirement 401(k) plan, executive top hat plan, employee stock purchase plan (US and Singapore), pension administration.Knowledge of legal requirements related to day-to-day management of employees, reducing legal risks, and ensuring regulatory compliance as it relates to the above plans.Partner with HRBPs and communicate with HR leaders to research employee escalations on employee benefits.Process benefits vendor invoices.Processing of death benefits. Includes death benefit counseling and knowledge of the life insurance process.Responsible for the day-to-day administration, analytics, and reporting.Ensure all plans meet Federal and State regulations and are utilized effectively by employees. Make recommendations where appropriate for plan enhancements and cost savings.Assist with compliance tasks including 5500 audit, Summary Annual Report (SAR) distribution, Retirement Drug Subsidy (RDS) coordination, partner with consultants on HIPAA training, SPD and wrap plan document updates. Ensures timely submissions of all benefit-related filings.Support all plan audits.Manage Service Now escalations-providing tier 2 & 3 level support.Manage plan vendors with ongoing meetings, communication, process improvements, SLAs.Ensure proper documentation and follow through are completed in a timely manner with good communication of results to both employees and managers.Manage processes for U.S. and Canada new joiners and Benefits orientation presentations.Assist with informing employees about their benefits packages.Assist with M&A and Divestitures as needed, providing benefits information and guidance to employees.Assist with Open Enrollment preparation, audits and reporting.Assist with Open Enrollment tasks, testing, communication review as needed. Support with open enrollment Benefits fairs.Assist with Wellbeing programs.Completes all special projects and other duties as assigned.Qualifications
Bachelor's degree required.A minimum of 4 to 5 years of experience in benefits (Health & Welfare, Leave Administration, 401(k) and/or Pension plans).Working knowledge of PeopleSoft, Oracle, Business Solver, ADP, various HRIS and Benefit provider systems is required.Proven ability to gain credibility at all levels quickly, excellent relationship management skills.Experience working effectively as part of a team, demonstrating initiative and proactively contributing ideas, views and recommendations for best practices and process improvement.Ability to work independently with a high-level of accuracy and strong attention to detail.Strong analytical, communication and decision-making skills.Knowledge of Employee benefits laws and regulationsStrong Microsoft Office (Excel, Word, PPT etc.), and HRIS skillsDemonstrates excellent analytical skills, and applies functional benefits knowledge to solve problems and identify opportunities for improvementLooks for process efficiencies and streamlines processes from beginning to end with little oversight.Communicates clearly and concisely, both orally and in writingAbility to manage and prioritize multiple projects, and stays focused on achieving goalsEstablishes and maintains cooperative working relationships with all levels of employees, internal and external stakeholders.
#LI-LM03
#LI-HybridAdditional Information
For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland. We value learning, caring and results and make inclusivity and diversity a top priority. In addition to our Great Place to Work Certification, we've been recognized by The Wall Street Journal as one of the Best-Managed Companiesand by Forbesas a World's Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.We're 7,000 people strong. We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.Verisk BusinessesUnderwriting Solutions- provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precisionClaims Solutions- supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiencesProperty Estimating Solutions- offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficientExtreme Event Solutions- provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.Specialty Business Solutions- provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governanceMarketing Solutions- delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagementLife Insurance Solutions- offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.Verisk Maplecroft- provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become strongerVerisk Analytics is an equal opportunity employer.All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability . Verisk's minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.https://www.verisk.com/company/careers/Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.https://www.verisk.com/privacy-policies/data-privacy-notice-for-employees-applicants-and-independent-contractors/Videos To Watchhttps://youtu.be/YH30jlQ1yVo